When it comes to corporate taxes, what’s “fair?” Do taxpayers have a sense of what major corporations pay in taxes? And when corporations pay income taxes, do we understand who ultimately bears that tax burden?
Happy Fourth! Between barbecues and fireworks, we should think about what colonial Americans wanted when they declared independence: Among their demands, the right to conduct business freely and to consent to the taxes they paid.
Independence Day has me thinking about tax protests. One, in Boston, shaped our nation’s history. Another is still taking shape in Seattle. Both reflect our complicated relationship with taxes and those who levy them. But that’s where similarities end. If you were a taxpayer participating in either, what might you do?